SEPTDelayed dataOpen live chartTry it free for 7 days
Trading the Levels › MGEE › Levels › Initial balance

MGEE Initial Balance (First-Hour High and Low)

Updated Nov 6, 2026, 5:21 AM ET · Initial balance = 9:30–10:30 AM ET
Delayed data. Levels on this page are delayed. For real-time levels on your chart, sign up for SEPT, free for 7 days →
On Nov 5 MGEE's initial balance (first hour) was $78.27 – $79.77, a range of $1.50. The first 5-minute close outside it came at 10:55 AM ET, above the range.
Best for: intradayHold: same dayPrice $78.36 · 15-min delayed
IB high79.77
IB low78.27
IB range$1.50
Price (15-min delayed)78.36

MGEE 5-minute chart, Nov 5: initial balance

FIRST HOUR 9:30–10:3077.57878.57979.58010a12p2p79.77IB high 79.7778.27IB low 78.2778.38
- - - IB high- - - IB lowShaded = first hour

Where MGEE sits in its zone

The delayed price $78.36 is above its daily zone ($74.51 – $77.86), 0.29 ATR over the top.

74.51 · bottom 25%middletop 25% · 77.86
  • Setups to watch: the zone broke to the upside. Watch for a retest of the zone top or a false breakout back inside.
  • Prior move: MGEE moved up from $70.57 (the last daily swing) to $78.36, about 4.5 ATR, so the move is extended. Traders often watch the reversal first here.
  • Reversal check: a shooting star or bearish engulfing candle near $77.86.
  • Latest daily candle (Nov 5): Doji (neutral).
  • Breakout check: RVOL above normal on the break (last day's RVOL: 2.6× on Nov 5). Next zone above: $79.07 – $80.39.
  • Zone tests: price pushed above the zone top 2 times and fell back, and dipped below the bottom and recovered 1 time. Each test can weaken a zone.

Why initial balance matters

The initial balance is the range set in the first hour, when the most orders hit the market. How the rest of the day treats it tells traders whether it is a range day (price stays inside) or a trend day (price extends far outside).

How traders use it

  • A break and hold above the IB high is read as a trend day up; below the IB low, down.
  • A narrow initial balance often leads to a bigger move later in the day.
  • A break that fails and returns inside often rotates to the other side of the range.

What happened over the last 10 sessions

  • MGEE traded above its initial balance on 5 of 10 days and below it on 4; both sides on 1.
  • The average IB range was $1.10.
  • Gap: MGEE opened Nov 5 at $78.27, a gap up of 0.9% from $77.59; the gap was filled.
  • Round numbers nearby: $75.00, $80.00, $85.00.

Combined conditions

  • The 30-minute opening range ($78.27–$79.27) sits inside the first hour. VWAP $78.49.
  • The delayed price is above the daily zone: watch for a retest or a false breakout.
Try SEPT free to test which combination of levels gives the best win rate and R:R for your trading. Start your 7-day free trial →

How to trade around MGEE's initial balance levels

1. IB breakoutA 5-minute close above $79.77 after 10:30 AM with RVOL above normal is read as a trend day up; back inside cancels it.
2. IB breakdownA close under $78.27 with volume is the breakdown signal; a quick reclaim is a failed break that often rotates to the IB high.

For more setups and trading strategies, click here →

Want to know the odds of this setup? Try SEPT free for 7 days to find out and improve your trading strategy or setup.

Too busy to watch levels all day? Let SEPT do the work

Every level drawn live

Premarket, RTH, VWAP, pivots, zones, KPL and more draw on your chart in real time. No more marking levels by hand every morning.

GOAX, your AI trading assistant

Ask GOAX to analyze any stock’s levels, zones and setups and explain what matters today, in plain words.

GOAX watches your positions

GOAX monitors your open positions and alerts you when price nears a key level, a stop or a target.

Real-time alerts on your own setup

Build your alert from your signal condition, your confirmation condition and your entry condition. SEPT watches every stock in real time and alerts you on desktop or phone the moment all of them line up, plus simple alerts on any level, zone or line you drew.

Screener & Setup Builder

Find stocks sitting at their levels right now, and build and test your own setups to see the odds.

Practice, then recap with GOAX

Practice trading the levels with paper trades on the live chart, then recap every trade with GOAX. Replay up to 20 years of real market data, bar by bar.

Want to know your setup's odds?

Try SEPT free for 7 days to find out, and use the Setup Builder to find the best combination of levels to improve your win rate and R:R. All levels are live on the SEPT chart.

MGEE initial balance: last 10 sessions

DateIB highIB lowRangeDay went above?Day went below?
Nov 579.7778.27$1.50YesYes
Nov 476.8775.20$1.67YesNo
Nov 375.5674.47$1.09NoYes
Nov 274.8974.08$0.81YesNo
Oct 3074.9873.92$1.06NoYes
Oct 2974.7673.39$1.37NoNo
Oct 2874.1973.83$0.36NoYes
Oct 2773.5573.18$0.36YesNo
Oct 2673.6272.98$0.64YesNo
Oct 2374.5372.42$2.11NoNo

FAQ

What is MGEE's initial balance today?

On Nov 5: high $79.77, low $78.27 (9:30–10:30 AM ET).

On SEPT: the initial balance draws on your chart at 10:30 AM automatically. Try it free →
What is the initial balance in trading?

The high and low of the first hour of regular trading, 9:30 to 10:30 AM ET.

On SEPT: combine the IB with VWAP and zones in one setup alert. Try it free →
How often does MGEE break its initial balance?

In the last 10 sessions it went above the IB on 5 days and below it on 4 days.

On SEPT: test IB breakout odds on years of real data. Try it free →
What is the difference between the opening range and the initial balance?

The opening range is the first 5, 15 or 30 minutes; the initial balance is the full first hour.

On SEPT: both draw on the chart, so you can compare them live. Try it free →
What does a narrow initial balance mean?

Often a quiet first hour that leads to a bigger move later, as orders build up.

On SEPT: screen for stocks with a narrow IB and rising RVOL. Try it free →
What are the odds MGEE trends beyond its IB?

Odds depend on the IB width, the gap, the trend and RVOL.

On SEPT: test the odds and find the conditions that improve them. Try it free →
Where is MGEE in its zone now?

Above its daily zone ($74.51 – $77.86), based on the delayed price.

On SEPT: see MGEE's zone position live and let GOAX alert you at the zone edge. Try it free →

Data: SEPT market data engine. Delayed data; real-time levels are on the SEPT platform. Times in Eastern Time. Educational information only, not investment advice. No odds or win rates are shown on this page.